The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-03-12
THE B. & 0. AGAIN
rbe Negotiations For the
transfer Stopped.
srw PROPOSITION TO BE MADE
Do.i-Ds Of the Syndicate and the
The 80 o,,,on Of President Garrett
of the B. & D.
The Deal of.

The Deal on
MN, ,>osv. March 1.-The negoua-
~, w" hatween Garrett and the kioh'
l.ol. Terninal Company have 1allen
HiUL-n and the deal is off. A new
1u, ,5,a9ition IS now being considered oy
pToPo43tt''Can and negotiations are now on
OaIIFfc o- the transfer OF the contIol VI
Poolp ~ 4 Ohio to synulcate Vi
pTTIyba n r ea- arrangement for me pur:
Inc 10 control of the Baltlmore ~
c1ase VI ~ nTivste syndicate IN which
ONO ny . Garrett will have an interest,
I IILHfannIales placing the stock IN
co MS3oIpi trnst for the new company
coliS; ;SsT n bonds scared by this
auu ooTan9nv to the amount OF SlO,-
luz no o. these bonds are to be taken
VuVOO $1,000 noT-ment. The new company
a. pos issne $4,000 900 in stock, and
E WI of outstanding Baltimore &
a IT, stock " IL receive three shares OF
~ w, stoeE for one share of old. The
. ~ gfocg will be listed on the New
H Worl, stock exchange and on the
,l.osant basis of the earnings will re
pa;ro q dividend at the rate of per
o oont ner annum. The express bust
nese parlor cars, and telegraph lines,
vii he sold at the best opportunity, but
until that is done will be operated as
HT BITTTTmoRE, March ia private
5iSnatcb received in this city this after
noon. from New York, says the deal
"a NOT off and that it will be consum-
mated. The following has just been
issued from the Baltimore & Ohio office:
"Nr, CARROTS attention was called to
the newspaper reports yesterday regard
ing the proposed railway arrangement.
he refused to talk further on the sub
iect but said that whatever arrange
ments we're made would commend
themselves to the citizens of Baltimore
and be recognized as protective, wise
and valuable to all the interests in
vowed
ANOTHER YARN.
BALTIMORE, March lit seems
generally believed in this city that the
great railway deal is practically off as
far as Mr.. SuIy is concerned and, the
reason given IS that he was unable to
rsiSe the necessary amount OF money
in the time given him, but no one can
be found to express an opinion that a
great scheme IS not being Matched. A
gentleman known to be in the conf
dence Of Mr.. Garrett, tonight stated
that another and more powerful party
had made its appearance and that the |
second would no doubt be victorious.
Austin Corbin is known to be in
Washington to night. Robert Garrett |
IS also there, and it is probable that
they will come together. The re-
suit OF their interview will no
doubt have considerable effect on the
now complicated situation. That Jaw
Gould has become interested in the
scheme is no longer a matter of doubt, |
and all the money required will be
forthcoming. DreXel & Co. and other
wealthy firms are believed to be work |
ing with the proposed syndicate, and
the Reading & jersey City Central
interests are also involved. The de.
tails OF the deal are in course of prepa-
Tauon, and an early announcement is |
GS!onnqIenty expected. Sully is not be-
i'eveo to have abandoned the hope that
MS party will win, but it is denied that
ne Is interested IN the new scheme. As
lar as can be learned, the companies in !
IeIeSted are to pool their stocks and |
maze an entirely new issue. One
gentleman goes so far as TO say that |
Snfee shares OF stock in the consoli- !
va tea concern would be given for one
snare OI Baltimore & Ohio, but hat is |
peiieVed to be merely conjecture. 1t is |
however, understood that the new !
yea Is to ettectually settle the tele-
SCaPh and express Difficult ties, and that !
me baltimore & Ohio will not suffer nv |
S MA. concessions thew have TO make. !
nt;uI5noTS are plentiful at the clubs TO. |
'6n., oQt every one seems to be at sea.
Hsi'elI Is blamed by some for not giy-
" some definite information on The |
.;r 80 ~ ouV his friends say he is placed !
80 al extremely delicate position and |
s la II Is impossible for him to do Other
80, ',%- keep silent until his MANS sre
.,,,,.e uehnitely perfected. They have
very confidence in his abilifv 70 Ioot
80 80 Tor the interests of his comnanv
ana 40 not believe that he will DO 80
t lug 10 Jeopardize the commarcisi IN
tereStS OF Baltimore WILL III ( oiaL III
NEW YORK, March 1.-THE foIIor-i,-
s.assmentl made by one of Inc Sy, ';i9
OF OF = VINO Pn7. are abOutto acquire control
: 'o Cue Baltimore & Ohio: president
t 9bS'l t; mas granted an extension of
, rue -ine IN which to take M the |
NH LOFTY OF the stock, and he viii not
lou, ,o.G out on technicalities neither re-.
81 So' u exact terms or lime. There is !
a, a ul Ue1on ven to any one person but |
-, . " ,5.,ea agreement is in this civ Civ
$50 . ce5sain party 4 right to b5y the |
ans g,ITe, a; ana this party, although not |
stnoS ), II n me contract, is clearly under
,o sgUG o ny both Garrett and the parties |
Gio-CI.Ag the negotiations.
,y 0SfIett will be represented in the
e51 1-C,ga .t and Gould will also be repreo
g ,lsT1 there there The sale Of the p Or NJ
,etl Is Illuminated, will bring about a
EST t' az N Of the question of the interl
,yness se ": York City and telegram and |
sane ,ei sine, mes Will be sold. SuIIy has the
snd ali crest crest as before in the Syndicate
nony. are working in har-